The movement in USDINR spot is in tandem with other Asian peers By Rahul Gupta, Emkay Global
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Below are Views On The movement in USDINR spot is in tandem with other Asian peers By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services
"The movement in USDINR spot is in tandem with other Asian peers and going ahead the optimism over US stimulus package will keep it lower. This week, we didn't see much volatility, also RBI 's participation in spot was subdued however next week we can expect volatility to pick up ahead of Biden's oath taking ceremony. Also, with two IPO's opening up for subscription we can expect RBI protecting the downside in USDINR spot. Broadly, USDINR will continue to trade in between 72.50-73.50."
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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